Located in New South Wales within the Narrabri local government area, Bullawa Creek is a quiet locality (postcode 2390). The area has roughly 130 residents and a mature demographic, with a median age of 46. Households earn a median income of $83K per year, with an average household size of 3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.4% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, technicians & trades. Employment in the area leans toward healthcare and education. The top ancestries reported are Australian, English, Aboriginal Australian.
Median house prices in Bullawa Creek stand at $595,000, having surged by 54.5% over the last twelve months. The current median weekly rent is $430. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,712.
Public transport access includes 10 bus stops. The crime rate in the Narrabri LGA is moderate at 5,724 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 3.8% (moderate yield). Property prices sit below the state median ($595K/$1.5M), which can point to relative value. The price-to-income ratio of 7.2x is considered moderate. House prices have moved +54.5% year-on-year. Population growth of -0.4% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.